Insider Selling: Maxim Integrated Products Inc. (MXIM) VP Sells 363 Shares of Stock

Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Sumeet Gagneja sold 363 shares of Maxim Integrated Products stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $61.20, for a total value of $22,215.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sumeet Gagneja also recently made the following trade(s):

  • On Monday, November 20th, Sumeet Gagneja sold 165 shares of Maxim Integrated Products stock. The shares were sold at an average price of $53.72, for a total value of $8,863.80.

Maxim Integrated Products Inc. (MXIM) opened at $61.26 on Friday. The company has a market capitalization of $13,367.79, a P/E ratio of 25.11, a P/E/G ratio of 2.26 and a beta of 1.20. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.50. Maxim Integrated Products Inc. has a 52-week low of $43.35 and a 52-week high of $74.94.

Maxim Integrated Products (NASDAQ:MXIM) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $620.46 million. Maxim Integrated Products had a return on equity of 32.59% and a net margin of 16.08%. Maxim Integrated Products’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. analysts predict that Maxim Integrated Products Inc. will post 2.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 2.74%. Maxim Integrated Products’s payout ratio is 108.27%.

Institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in shares of Maxim Integrated Products in the 4th quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Maxim Integrated Products in the 3rd quarter valued at approximately $128,000. Aviance Capital Management LLC raised its position in shares of Maxim Integrated Products by 38,728.6% in the 4th quarter. Aviance Capital Management LLC now owns 2,718 shares of the semiconductor company’s stock valued at $142,000 after purchasing an additional 2,711 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Maxim Integrated Products by 12.1% in the 2nd quarter. Toronto Dominion Bank now owns 3,474 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 375 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new position in shares of Maxim Integrated Products in the 4th quarter valued at approximately $169,000.

Several research firms have recently weighed in on MXIM. Maxim Group reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. B. Riley reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Maxim Integrated Products in a research note on Friday, January 26th. Oppenheimer reaffirmed a “hold” rating on shares of Maxim Integrated Products in a research note on Friday, January 26th. Finally, Zacks Investment Research raised Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.29.

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Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

Insider Buying and Selling by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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